R3 Sm Inc
EIN: 261666534 · Hattiesburg, MS · NTEE: M20
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $512K |
| Net Assets | $1.1M |
Is R3 Sm Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About R3 Sm Inc
R3 Sm Inc (EIN: 261666534) is a nonprofit organization based in Hattiesburg, MS, classified under NTEE code M20. The organization reported total revenue of $37K and total assets of $862K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R3 Sm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R3 Sm Inc is a micro nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $534K |
| Total Expenses | $512K |
| Surplus / Deficit | +$21K |
| Total Assets | $1.1M |
| Total Liabilities | $18K |
| Net Assets | $1.1M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2022, R3 Sm Inc reported a surplus of $21K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), R3 Sm Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.9% | -15.4% | +3.3% |
| 2021 | -10.1% | -7.2% | -8.7% |
| 2020 | -36.7% | -45.0% | +1.8% |
| 2019 | -45.0% | -35.6% | -18.4% |
| 2018 | -9.9% | +20.9% | -19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for R3 Sm Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates R3 Sm Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about R3 Sm Inc
Is R3 Sm Inc a legitimate charity?
R3 Sm Inc (EIN: 261666534) is a registered tax-exempt nonprofit based in Mississippi. It has 12 years of IRS 990 filings on record. Total revenue: $37K. No red flags identified. Financial health grade: A.
How does R3 Sm Inc spend its money?
R3 Sm Inc reported $37K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to R3 Sm Inc tax-deductible?
R3 Sm Inc is registered as a tax-exempt nonprofit (EIN: 261666534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is R3 Sm Inc located?
R3 Sm Inc is headquartered in Hattiesburg, Mississippi and files with the IRS under EIN 261666534. It is classified under NTEE code M20.
How many years of IRS 990 filings does R3 Sm Inc have?
R3 Sm Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $37K in total revenue.
Filing History
IRS 990 filing history for R3 Sm Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), R3 Sm Inc's revenue has declined by 72.7%, moving from $2.0M to $534K. Total assets decreased by 50.6% over the same period, from $2.2M to $1.1M. Total functional expenses fell by 35.7%, from $797K to $512K. In its most recent filing year (2022), R3 Sm Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $534K | $512K | $1.1M | $18K | — | — |
| 2021 | $567K | $606K | $1.1M | $5K | — | View 990 |
| 2020 | $631K | $653K | $1.2M | $66K | — | View 990 |
| 2019 | $996K | $1.2M | $1.1M | $23K | — | View 990 |
| 2018 | $1.8M | $1.8M | $1.4M | $87K | — | View 990 |
| 2017 | $2.0M | $1.5M | $1.7M | $388K | — | View 990 |
| 2016 | $100K | $112K | $1.0M | $232K | — | View 990 |
| 2015 | $136K | $855K | $1.1M | $261K | — | View 990 |
| 2014 | $682K | $858K | $1.7M | $175K | — | View 990 |
| 2013 | $632K | $1.0M | $1.9M | $190K | — | View 990 |
| 2012 | $550K | $388K | $2.3M | $188K | — | View 990 |
| 2011 | $2.0M | $797K | $2.2M | $272K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $534K, expenses of $512K, and assets of $1.1M (revenue -5.9% year-over-year).
- 2021: Revenue of $567K, expenses of $606K, and assets of $1.1M (revenue -10.1% year-over-year).
- 2020: Revenue of $631K, expenses of $653K, and assets of $1.2M (revenue -36.7% year-over-year).
- 2019: Revenue of $996K, expenses of $1.2M, and assets of $1.1M (revenue -45.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $1.4M (revenue -9.9% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.5M, and assets of $1.7M (revenue +1916.3% year-over-year).
- 2016: Revenue of $100K, expenses of $112K, and assets of $1.0M (revenue -26.8% year-over-year).
- 2015: Revenue of $136K, expenses of $855K, and assets of $1.1M (revenue -80.0% year-over-year).
- 2014: Revenue of $682K, expenses of $858K, and assets of $1.7M (revenue +7.9% year-over-year).
- 2013: Revenue of $632K, expenses of $1.0M, and assets of $1.9M (revenue +14.8% year-over-year).
- 2012: Revenue of $550K, expenses of $388K, and assets of $2.3M (revenue -71.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $797K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for R3 Sm Inc:
Data Sources and Methodology
This transparency report for R3 Sm Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.